May 27 (Reuters) - Most Southeast Asian stock markets closed
higher on Monday with Indonesia rising to a two-week high amid
easing political worries, but investors remained attentive to
developments in the U.S.-China tariff war.
With no leads from Wall Street due to a public holiday,
trading volumes across the six markets were below their 30-day
averages as investors awaited any new trade-related commentary.
U.S. President Donald Trump is on a four-day trip to Japan,
where he called on his Japanese counterpart to even out a trade
imbalance. "With Trump in the far east, dealers await cues on trade
war," ING wrote in a note.
Indonesian shares .JKSE closed 0.7% higher, extending
gains into a third session. Bank Central Asia TBK PT BBCA.JK
was the biggest boost with a gain of 1.3%.
After clashes broke out in the capital city of Jakarta last
week following protests against the victory of President Joko
Widodo in last month's election, authorities over the week
removed temporary social media restrictions. Thai shares .SETI advanced 0.7% as a pro-army party hopes
to seal a deal on Monday to end opposition hopes of keeping the
military out of politics. Energy stocks accounted for most of the gains with
heavyweight PTT Pcl PTT.BK rising 1.1%.
Philippine shares .PSI closed 0.3% lower, dragged by
telecom heavyweight PLDT Inc TEL.PS , which fell 5%.
Singapore shares .STI closed flat after declining 0.4% in
intraday trade, but still hovered near two-month lows.
The city-state remained on track for its worst monthly drop
since October last year.
Falls in Hutchison Port Holdings Trust HPHT.SI were partly
offset by gains in Jardine Strategic Holdings JSH.SI .
Malaysian shares .KLSE closed 0.2% higher, while Vietnam
stocks .VNI rose 0.5%.
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SOUTHEAST ASIAN STOCK MARKETS
Change on the day
Market Current Previous close Pct Move
Singapore 3170.77 3169.89 0.03
Bangkok 1624.84 1614.12 0.66
Manila 7725.01 7747.09 -0.29
Jakarta 6098.974 6057.353 0.69
Kuala Lumpur 1601.35 1598.32 0.19
Ho Chi Minh 975.14 970.03 0.53
Change so far in 2019
Market Current End 2018 Pct Move
Singapore 3170.77 3068.76 3.32
Bangkok 1624.84 1563.88 3.90
Manila 7725.01 7,466.02 3.47
Jakarta 6098.974 6,194.50 -1.54
Kuala Lumpur 1601.35 1690.58 -5.28
Ho Chi Minh 975.14 892.54 9.25